XRP price previously rose to three-and-a-half year highs, but profit taking took its toll. Here's why I expect it to bounce back.

The cryptocurrency market experienced a bearish trend on November 27, with major tokens like Bitcoin, Ethereum, Solana, and XRP seeing significant losses. However, Fantom and Algorand stood out, recording notable gains amidst the market turbulence. BTC, ETH, SOL, and XRP tokens decline The total crypto market cap has dropped by 2%, standing at $3.

Grayscale Investments has reopened private placement in its 19 trusts including XRP, Solana (SOL), and Stellar (XLM) for eligible investors. Institutional and individual accredited investors may subscribe to private placements at net asset value (NAV), enabling them to hold for a specific period and sell them at the secondary market.

WisdomTree, a prominent asset management firm overseeing $113 billion in assets, has filed for an XRP Exchange-Traded Fund (ETF) in Delaware. This filing marks a significant move as WisdomTree seeks to expand its presence in the burgeoning cryptocurrency market.

Ripple's XRP is currently trading below the $1.40 mark and is down by more than five percent in the last 24 hours. Following Gary Gensler's resignation, the price rallied and touched $1.51 levels and then hit a reverse. However, most of the top 10 coins, including Bitcoin have slipped into the red zone.

XRP price is consolidating near the $1.400 zone. The price must clear the $1.4550 resistance zone to start a fresh increase in the near term.

Surge in Interest for XRP ETFs Interest in XRP exchange-traded funds (ETFs) has surged, with notable filings from asset management firms. WisdomTree filed for an XRP ETF on November 25, 2024, aiming to capitalize on cryptocurrency interest beyond Bitcoin and Ethereum.

SEC sets record $8.2B in fines, sparking debate on crypto enforcement as Ripple case remains notably absent.

XRP, the native token of Ripple, appears to be moving sideways after experiencing a notable rally in the past weeks. As of today, November 27, 2024, XRP, along with the overall cryptocurrency market, has been experiencing a price decline.

Jed McCaleb, founder of Stellar Development Foundation, has outlined key distinctions between Stellar and Ripple. This comes as Stellars XLM token hits multi-year highs, supported by its role in Wyomings WYST stablecoin initiative.

An Ethereum (ETH) competitor has captured a massive share of USDT stablecoin transactions, according to the chief executive of the analytics firm CryptoQuant. Ki Young Ju says on the social media platform X that the value of the USDT hosted on Tron (TRX) is now more than three times the layer-1 blockchain's market cap.

Fairshake will have a whopping $103 million to spend on the next U.S. congressional election — so far — thanks to another $25 million just promised from Ripple Labs. This latest contribution puts the political action committee in a powerful position to repeat its successes from this year's elections, in which dozens of its favored pro-crypto candidates won their races.

Given the obvious signs of waning market momentum, Dogecoin's ambitious quest to reach the $1 milestone may have encountered a snag. Given that Bitcoin recently experienced a retracement that had an impact on altcoins in general, DOGE's trajectory appears less promising.

Cryptocurrency investment products saw a record weekly inflow of $3.13 billion over the past week, bringing their total year-to-date inflows to $37 billion as the crypto market rally keeps on going. According to CoinShares' latest Digital Asset Fund Flows weekly, Bitcoin investment products saw a total of $3.

The chief legal officer at Ripple Labs is coming down hard on the U.S. Securities and Exchange Commission (SEC) over what he perceives as the agency bragging. According to a new post on the social media platform X from Ripple CLO Stuart Alderoty, the SEC is looking at its year-in-review incorrectly.

Ripple said that it will allocate $5 million into tokens on abrdn's Lux fund as part of a larger allocation to RWAs on the XRPL from various asset managers.

XRPs push to $2 by November is at a critical juncture, with analysts pointing to Bitcoins support as the deciding factor. If the rally sustains, XRP may not only hit $2 but also pave the way for double-digit gains.

XRP has proven its strength, outperforming several other major crypto assets in recent days. With a 30% surge over the past week, XRP has emerged as one of the top performers in the market, even as Bitcoin and other altcoins saw notable declines.

Crypto analysts Mikybull Crypto and CrediBULL Crypto have suggested that the XRP price could reach $2 by the end of November. However, CrediBULL Crypto warned about what could hinder XRP from reaching this target.

XRP slipped 8% on Tuesday during a broader crypto market downturn, but the digital asset still boasts an impressive 22.9% weekly gain against the U.S. dollar. XRP Pushes Through Market Dip Currently priced at $1.35 per coin, XRP holds a market cap of approximately $77.27 billion.

Ripple CEO Brad Garlinghouse announced in a November 26 X post that the crypto company will donate an additional $25 million to crypto super PAC Fairshake following the 2024 U.S. elections. Fairshake reportedly already has an estimated $78 million ready to go for the 2026 U.S. midterm elections. The post Ripple Donates $25 Million More To Crypto Super PAC Fairshake appeared first on Cryptonews.

Jed McCaleb, the founder of the Stellar Development Foundation (SDF), recently stated that Stellar is, in fact, "very different" from Ripple.

Donald Trump's crypto platform, World Liberty Financial (WLFI), just locked in a high-profile partnership by bringing Justin Sun onboard as an Advisor. The founder of TRON and one of blockchain's most talked-about figures, Sun has also invested $30 million into the platform, making him WLFI's largest backer.

Justin Sun has announced a $30 million token purchase in Trump-backed World Liberty Financial.

Ripple Labs donated $25 million to the Fairshake political action committee (PAC), according to the firm's CEO Brad Garlinghouse. The donation, which adds to the $78 million Fairshake raised earlier this month, brings the total to $103 million.

XRP, stewarded by blockchain payments startup Ripple, is trading at heights not seen in three years as the wider crypto market benefits from anticipated impending political tailwinds in the United States. The token has been on a clear upward course since President-elect Donald Trump won the presidency against Kamala Harris earlier this month.

The move comes after Justin Sun, the founder of Tron, invested $30 million in the Trump-connected blockchain project.

In a recent X post, Ripple CEO Brad Garlinghouse has revealed that Ripple is contributing another $25 million to Fairshake, noting that Fairshake is the most successful multi-candidate, bipartisan Super PAC in American history.

The XRP-focused company announced its third $25 million injection into Fairshake, just weeks after the super PAC proved successful in the 2024 U.S. election.

Ethereum has overtaken Tron as the leading blockchain for Tether (USDT) dominance.

Charles Hoskinson, the founder of Cardano, has publicly criticized the Wyoming Stable Token Commission's recent blockchain network selections for the state's upcoming stablecoin, the Wyoming Stable Token (WST). In a livestream titled “XRP and Wyoming” broadcasted on November 25, 2024, Hoskinson questioned the commission's opaque selection process and raised concerns about potential conflicts of interest.

XRP has gained significant momentum following a multi-week rally, driven by major catalysts such as Donald Trump's re-election and the announcement of SEC Chair Gary Gensler's resignation.

The cryptocurrency market is experiencing notable volatility, with key developments surrounding XRP price, Pepe Coin (PEPE), and Bitcoin (BTC). A massive whale transfer has triggered uncertainty in XRP's price, while bold predictions about PEPE's future spark both optimism and scepticism.

The latest filing by another major asset manager edges the once-distant vision closer to fruition.

A majority of pro-crypto or crypto-neutral candidates won their races in 2024, many of whom were supported by media buys from PACs like Fairshake.

In a recent press release, the SEC Announces Enforcement Results for Fiscal Year 2024, disclosing that it filed 583 total enforcement actions in fiscal year 2024 while obtaining orders for $8.2 billion in financial remedies, which is the highest amount in the history of the SEC.

Will this partnership signal a new era of blockchain finance?

Crypto to Buy Now: After a notable upside rally, the overall cryptocurrency market appears to be correcting. Today, November 26, 2024, the top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and several others have reported significant price declines.

Since the beginning of November, the price of XRP has risen over 220% at its peak, and the token itself has become extremely popular and talked about again. After finding its peak at $1.634, XRP reached highs not seen since May 2021 and then, as expected, began to correct, where it now trades at $1.367, 16.54% below its local high, according to the Bitstamp exchange.

According to a report from Whale Alert, nearly 18.81 million XRP, which is practically equivalent to $25.03 million, have been transferred from the platform of the world's largest crypto exchange to an unknown destination.

Ripple CEO Brad Garlinghouse recently announced that his company is contributing another sum to the pro-crypto political action committee (PAC). Garlinghouse elaborated on the reason for this move as the crypto community prepares for the 2026 mid-term elections.

Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), announced his resignation, a move that many in the cryptocurrency community, particularly XRP holders, had been waiting for. This news caused XRP's price to surge massively in just a few hours, reaching a high of $1.51, the highest since May 2021.

Ripple CTO David Schwartz has addressed concerns over a recent XRP Ledger incident, which saw nodes halting or not making progress for a brief period on the network.

XRP Ledger has bagged a new update that can significantly improve scalability and overall performance.

TL;DR Justin Sun, founder of Tron, invested $30 million in World Liberty Financial (WLFI), becoming the main investor in the project associated with Donald Trump. The partnership with Tron could provide WLFI with a robust infrastructure, boosting its global adoption and positioning it in the crypto market.

For the first time since August 2022, Ethereum (ETH) hosts a bigger U.S. Dollar Tether (USDT) supply than Tron (TRX). Meanwhile, the aggregated cap of USD-pegged stablecoins targets an all-time high over $200 billion.

XRP Ledger has introduced a significant update with the release of version 2.3.0 of its reference server implementation, rippled. This major release brings a host of new features and improvements aimed at enhancing the functionality and stability of the XRP Ledger.

Amid the ongoing regulatory tensions, Ripple continues to expand its influence within the financial technology space.